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to talk about that policy and talk about the current state of the economy. our other special guest will be former florida governor jeb bush. i'm going to ask him about the civil war in the republican party and how to solve it. all that and more on a special edition of "the kudlow report." we are live from washington, d.c. tonight and we begin right now. >>> good evening, everyone. i'm larry kudlow. this is "the kudlow report." we are live, 7:00 p.m. eastern, 4:00 p.m. pacific time. we are in washington, d.c. top stories, continuing failure that is obama care tops the news tonight. we begin with a breaking story from our colleagues at nbc news. four stories deeply involved in the crafting of the affordable care act tell nbc news that most of the 14 million americans that have their own health insurance will have their insurance cancelled as a result of obama care. the report says the white house has known this will happen for at least three years. and that means that the repeated promises made by president obama and others about keeping your own health plan were just not true for mi
found in earlier ones in threats to the economy and many saw this as a sign the fed thinks the economy is strengthening and might end qe sooner rather than later. larry, back to you. >> mary, why do you know more about this than i do? so facebook reports pretty good earnings and the stock jumps up big, but then the stock goes back down. is that just thin trading after hours or what? >> i think some people maybe were disappointed that the earnings weren't stronger than expected at that point. as you said, they both beat on the revenue as well as the earnings side, but there seemed to be some disappointment after hours and people were looking back and saying it wasn't the blockbuster report they were expecting. >> mary thompson, thanks very, very much. now let's talk to andrew bush, author and publisher of the bush update. peter schiff joins us, the ceo of euro pacific capital. you know, i understand that they moved some things from the -- from the statement today, but i just have a totally -- i'm going to you, peter. i read "the new york times" sunday with this big story about the fed s
for more stimulus from the fed, a read on the economy will come tomorrow. the s&p 500 got in the game, hitting a new high today, it's been doing that nearly every day, it seems. finally the nasdaq nearing a 13-year high, larry the dow transports and russell 2,000 hits new high, we will do that to the market. back to you. >> there may be more of that easy money on the way, kayla, thanks, so much. now, obama care is taking center stage on capitol hill today the administrator of medicare and medicaid services testified before the house committee on ways an means. for that, we turn to political reporter and cnbc robert costa of the national review. he joins us live from washington. as always, goef, robert. robert, give me a read, all right, i have spoken to chairman fred upton who will be on in a moment. in your political read, what do they want out of sebelius, will they all call for her to be fired? are they going to jump on her? how is this going to work? >> the republicans will grill the secretary on the rollingout of healthcare.gov the central portal for obama care. what they're real
our economy tilt towards a certain highly privileged class that gets everything while the broad middle class and lower middle class is further and further left behind. this is the first major reversal of that trend. it's not just about kids with pre-existing conditions, it's about reestablishing a different social contract with american families and workers across a broad spectrum that begins to connect different ends of american society. that's why it's so important defining legacy building step for the administration. too bad it's been such a horrible rollout. it really is not just about kids and the poor. it's about the american middle class that's going to continue to see their jobs under stress, continue to see the kinds of things shored up, quality of life they had come undone. i think it's very, very important to remember this isn't just about small segments of american society, even though that was a very passionate and compelling comment from the congressman. >> it's very important i think to lead with children. no, it has great political impact. steve is right. our country no
the economy, to do so in a fiscally sound way. if you don't have revenue on the table, we've cut -- it's important to note that going into this debate they say there should be more cuts. there's been $2.4 trillion in deficit reduction. $600 billion of that has been from the expiration of the high-end bush tax cuts. $600 billion. $1.8 trillion have come from cuts. there's hardly any other place to go but nonetheless subject every federal dollar to scrutiny. cut where you can cut if it's d duplicative or whatever. do not say we're going to give tax breaks to the wealthy while it makes seniors may more for medicare as it voucherizes medicare. >> do you think in this process there'll be some flexibility on the sequester? i know there have been some who want to just do away with sequester. senator joe manchin and others are looking at can we have more flexibility. what's your position on that? >> if we have sequester we have to have the flexibility. and what senator manchin is putting forth is a reasonable proposal. but we would rather do away with sequestration. because it just cuts so muc
's troughing. >> any reflection on the industrial economy? >> you know kleinfeld. alcoa is up $1 since that call. 1.25. told you that trucks were a little bit hurting. eaton, sandy cutler said trucks are troughing. you knee what this makes me feel? makes me feel a little better about caterpillar. a lot of people where the gang couldn't shoot straight, i myself was kit call about it. cummings is a great company. it has a lot to do with mining trucks. mining trucks. but i'm not walking away from cummins, even if they tell me to! it's too great an american company. >> and get a chance to buy it cleaner today. >> all right. we're going to keep an eye on stocks, including what's coming up at the opening bell. ♪ [ male announcer ] staying warm and dry has never been our priority. our priority is, was and always will be serving you, the american people. so we improved priority mail flat rate to give you a more reliable way to ship. now with tracking up to eleven scans, specified delivery dates, and free insurance up to $50 all for the same low rate. [ woman ] we are the united states postal
the kinds of legislation that when they've passed in the past have grown the economy and gotten people back to work. we want to make it easier for employers to keep people employed. we want to make it easier for employers to invest in their businesses, to invest in their employees and to hire people back to work. >> so, stimulus, yes! a stimulus would surely put people back to work and fix this recession. we need a stimulus, so said paul ryan in 2002 when his party controlled the white house. but when president obama thought maybe a stimulus would be a good idea, because we were facing the worst downturn since the great depression, somebody had changed paul ryan's channel. >> we can do better than this. this bill, this economic stimulus package is unworthy of our new president's signature. this is just a long spending wish list from every spending interest group that's out there. if you're going to go out and borrow $825,000 -- >> so, recraft it for me, congressman ryan. >> this is not going to work, and that's the concern. >> this stimulus thing is not going to work. who would ever think t
% of gdp in the future. this is because come as the economy starts to recover, interest rates will go up. paying the interest on that debt -- that is the concern us budgeteers have. it is good and it is positive, but it is the long-term risk that we are facing with the accumulation of debt. host: i wait to focus on paul ryan for a second. he was part of the simpson- bowles commission. he voted against it. was not part of that 2011 supercommittee effort. how do you think democrats see him as they are entering these negotiations? today prefer him versus john boehner to work with? in fairness, i have to point out that the chairman was a fellow staffer with me in the united states senate when he worked for the senator and wisconsin. we work together on the senate budget committee. i think that yes, chairman ryan definitely has a conservative focus in terms of controlling spending. canas an outlook that we control spending going forward. he focuses correctly on those issues. he isk that yes, dedicated to his position. as is chairman murray. i think that they look to him as one of the budget e
that they are willing to hijack the entire party and the country and the economy and grind progress to an absolute halt if they don't get 100% of what they want. if you embrace the very politics that led to this shutdown, i guarantee you it's not in the rear view mirror of voters in virginia they remember. they understand that that is not how you govern and that is not how you move america forward. >> cuccinelli's campaign predicted president obama's visit would energize be republican voters outraged over the obama care rollout exchanges. terry mcauliffe leads cuccinelli by 12 points. >> that's a big gap. >> that's massive. >> we'll see. okay. are we going to go to toronto or should we wait until little center i think we'll do it after the break. you all haven't been that well behaved. >> let's smoke. >> no. let's not. that's bad. >> help me out, willie. >> terry wins this race. christie wins this race. does it mean anything? >> it's a case study. ken cuccinelli has run a tough, hard right campaign. he put out a book questioning social security, medicare. he's been a flame thrower. he called bob mcdonn
and he was faced with the worst bush economy, the republicans vowed to oppose everything that he did. for two years, they were very busy voting to repeal obamacare 40 times. how many times did republicans vote for the american jobs bill? no. "we cannot leave this debt to our children and grandchildren." host: a question citing jobs as an issue. guest: jobs is always what everybody says they are doing. it is particularly amusing in the house. they say their number one issue is jobs. there are nicely designed pamphlets and flyers they hold up in press conferences. you could talk about the jobs created by this congress and it is not good. it is not their priority. there is a real disconnect. many polls show the americans want jobs. there has been so much fighting and so much ideological fighting over obamacare. we have had 42, 43 house votes now to repeal it, gut it, defund it. the process to create jobs has taken a side stage for now. host: the president has asked congress to pass the jobs bill several times. guest: a few weeks ago i was talking to senator lindsey graham, and he sort o
begin on wall street. it's been five years since the financial collapse that tanked the global economy. while no one has been sent to jail or community service or even had a one hour time out in their home or faced the reality of causing a catastrophe maybe it's about to change. >> jp morgan and the justice department have tentatively agreed to a d.l. 13 billion settlement. >> $13 billion settlement with the government to settle for bad loans. >> they say jp morgan willingly misled people by backing lisky mortgages. >> jon: risky mortgages. it seems like when tom cruise was in that movie and they packaged the loans with a sultry derive actives trader. i remember her. that's why so many traders work in a button down and underpants. $13 billion what lucky bastards are getting a bite after this cheese. $6 billion goes towards investor compensation $4 billion for homeowner relief and $2 billion in penalty fines but the government has to pay jp morgan's $8 settlement processing fees. damn you bank fees. damn you and your bank! you know who must be thrilled to hear this news financial and li
of the republic, not deficits, debt, will remain up into 70, 71% of gdp out into the future. largely as economy starts to recover, interest rates will start to come back up and fastest growing component of the federal budget will not be social security, medicare, medicaid. it will be just paying the interest on that aaccumulated debt t of nearly $17 trillion. that is the concern that as budgeteers if you like have. not so much the deficit hadn't come down. we like that. that's good, that's positive but it is the long-term risk we are faced with a country with accumulation of debt. >> host: you bring up the budget chairs. focus on paul ryan for a second and his history working on these efforts. he was part of the simpson-bowles commission but he voted against it, correct? he was also not part of that 2011 super-committee effort. how do you think democrats see him as they're entering these negotiations? do they prefek r him versus a jn boehner to work with in these negotiations? >> in fairness john, i have to point out that chairman ryan was a fellow staffer with me in the united states senate wh
to and during harm, costing our economy 24 billion dollars, tens of thousands of jobs, a germanic drop in consumer confidence. now, having still failed to derail the aca, the republican thes of attack has shifted new front relates to healthcare.gov. they're very clearly are challenges to implementing new pioneering access to health care . consider these headlines. for example, problems plagued rollup. plagued by delays and confusion over coverage. headlines are from 2005. as medicare part d was launched. that year, in dramatic contrast to the republican conduct to date, democrats who would oppose the law worked to make -- to make it a success. working with republicans on a bipartisan basis. republicans who had passed that law to adjust many problems and, most importantly, we worked with our constituents to make sure they can sign up. the reality is the affordable care act, which republicans are failing to work on with democrats, is working quite effectively in states running the marketplaces. you can see from that slide. in kentucky, more than 26,000 people have enrolled in coverage. i
. the way to raise revenue from our perspective is to grow the economy, to get people back to work. >> compromise runs both ways. while we scour programs to find responsible savings, republicans are also going to have to work with us to scour the bloated tax code and close some wasteful tax loopholes and special interest subsidies because it is unfair and unacceptable to ask seniors and families to bear this burden alone. >> ifill: the committee has until december 13 to hammer out an agreement. otherwise, the next round of cuts will kick in next year. we'll have more on this, later in the program. there's word that the national the deficit ran $680 billion -l last month. the first time red ink has fallen below a trillion dollars in five years. today's report said revenues rose by 13% while spending fell nearly 2.5%. there's word that the national security agency is routinely intercepting e-mail traffic between yahoo and google data centers. "the washington post" reported today it's being done jointly with british intelligence, and involves millions of records every day. the n.s.a.
trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. you're history. selsun blue itchy dry scalp. gets to the root of dandruff and hydrates the scalp. selsun blue itchy dry scalp. >>> healthcare.gov website will be down again tonight. but in this case the outage is a deliberate one. at least this time. but department of health and human services says starting at 9:00 eastern the website will be offline to work on making enhancements to the system. the outage will last 12 hours. you can still use the toll-free number to sign up for health insurance. so, it will be down a little bit tonight. >>> new jersey governor chris christie looks like he's headed for an easy re-election victory on tuesday adding to speculation about a possible christie run for the white house. if he were to be the gop nominee in 2016 he could face hillary clinton or maybe vice president joe biden, a new book claims it could have been hillary clinton instead of joe biden as vp right now. >>> let's talk about with it -- about christie with hillary and the vice president -- let's say
grow the economy and help alleviate the deficits. lou: but we are sitting here looking at this. >> cannot speak for him, but we are focused on trying to get a budget done and when you don't have a budget is when you have this continuous resolution. lou: goes back to what i was saying. >> earlier i said that it's okay to say no when no is what is %from people so we are borrowing from people so we cannot want a plate and that is what we are setting up against. not only is it a fiscal issue, but also a situation where no is not okay and we have to have some replacements and we have to talk about what could be as republicans. lou: we are way over on ime and i appreciate you being with us and we will go into what the republican plan may be or might be and we wish you much luck. lou: turning to wall street, stocks moved higher following upbeat economic reports. the nasdaq up two points. posting gains by nasdaq posted a slight loss. key witnesses ignoring the obama administration stonewalled before the house oversight committee in a classified meeting and we will take bny mellon combi
in japan some of the world's largest economies have begun to look at reducing nuclear energy, and now scientists are saying if the world doesn't go nuclear global warming will get worst. other wind sources won't cut it by themselves. we took a look at this with peter in washington. >> nuclear energy may be the most important weapon human kind has to fight dangerous climate change, and that's the argument four scientists are making in a strongly-worded letter and they don't believe wind and solar will produce power to meet the earth's needs on their own, and they explain while there will be no single technological silver bullet, the time has come. but one thing these scientists do not focus much on is cost. >> if a nuclear power plant can be built and produce power at a rate that is competitive with coal and gas, then i think the industry has a bright future. if it can't do that, i don't think that all of this talk about global warming is going to matter very much, because we really can't afford to pay two or three times as much as electricity as we are paying now. >> public perception
an improving economy. there's no reason a republican candidate can't win, the right republican candidate can't win this year in virginia and yet should be popular with conservatives because he sued to block the president's health care law. yet it looks like he's losing. chris christie will say i can win a blue state. the tea party guy can't win a competitive conservative state. republicans, you should learn a message. >> one of the things that affects virginia was the shutdown. because you have all the government employees in northern virginia, the shutdown was not exactly popular and you know, now of course, the fact that obama care is not functioning well should help cuccinelli to a certain degree but this was also raised about social issues an awful lot. it wasn't just a tea party, when you think of tea party, you think more of fiscal issues than you do of the social issues, and this became a race really for women voters in the state of virginia. >> were you surprised that chuck schumer, the democratic senator from new york, went to iowa to a democratic fund-raising dinner over the weeken
from certainly obama care and the economy to nsa and other topics that i think are going to be foremost on americans' minds when they go to the ballot box in the fall of 2014. >> if this were october 2014 and not october 2013, how nervous would you be? >> look, i'm always nervous going into an election and i usually come out of it pretty strong, but i never take any of them for granted. we have to do our job. we know we're up against the campaigner in chief in speaker pelosi who wants to be back as speaker. we're doing our job. we have terrific recruit, a broad group of men and women from all over the country that really i think are going to be a new face for the republican party going forward and they're going to be very effective. 17 of our 20 patron, you mentioned some of our incumbents being challenged, outrace their democrat counterparts and we have candidates around the country who are running against democrats who have outraised their democrats. you talk about primaries, you look at gary miller, you mentioned gary, aguilar that ran last time didn't make it on the ballot in califo
. and just fry to cobble together a small package. stop hurting the economy as much as they have been doing. so, by recent standard this would be real progress. >> what would be the elements of the deal, jonathan, as you see it? >> well, what people are just question is that president obama had about $200 billion in his budget of cuts to what he called entitlement, not medicare, medicaid, not social security. things like farm subsidies. federal pension reform. postal, this, and you know sort of user fees, transportation fees. sort of asortassorted change. and the cost of sequestration for a while. that's what people think they're going to do. obama will only offer up these cuts to medicare and social security if republicans give him more revenue. republicans would rather die than give them more revenue. that's sort of where we are, the lowest common denominator. >> that's the version of what they would call the grand bargain, one that would include more tax revenue and cuts to the big entitlements. >> right. >> paul ryan would cut off his left leg before he goes with it. he spent his last t
reelected, the economy would continue to dwindle along, we would continue to lose credibility around the world, the american people would find it harder and harder to get jobs, and we're seeing those things happen before our very eyes. i ran because i believed i was the most effective guy to be able to beat president obama. it's not easy being an incumbent, but i thought i was the most likely to be able to do so, and i gave everything i could possibly give to make that a reality. >> as you know, there is a lot of talk about 2016. that happens immediately after 2012. you considered chris christie to be your running mate and ultimately you rejected him, and some reporting in the book indicates that there was some concerns about his background and your own investigations and your own vetting process. here's what they report in the book. the dossier on the garden state governor's background was littered with potential landmines. there was no point in thinking about christie further. with the clock running out, romney pulled the plug on it for food. questions about his lawsuits, his healt
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our economy to the brink of disaster or shut down the government for the sake of ideological stunts. we saw what happened. but we weren't surprised that the tea party did this. but i was surprised that sensible, mainstream republicans didn't speak up and speak up sooner. and that many didn't speak up at all in defense of reason and responsibility. think about that, mr. president. there's 232 republicans in the thousands. -- in the house of representatives. on a vote to open the government after 16 days of being closed, and defaulting on the debt only 85 of the 232 voted to keep the government -- to reopen the government and keep us from defaulting on our debt. that is a scary number. so the vast majority of the republicans in the house wanted to keep the government closed and default on the debt. wow, that is something that's spooky. as th their more radical colleas drove the economy to the bripg obringit to collapse and that mt republicans did nothing and said nothing to stop it was deplorable to me. this was a manufactured crisis and many of the crisis over the last threese, i don
Search Results 0 to 45 of about 46 (some duplicates have been removed)